The inventory of Concord Company on December 31,2025 , consists of the following items. 3 Part No. 121 is obsolete and Ifas a realizable value of $1.00 each as scrap. (a) Determine the inventory as of December 31,2025, by the LCNRV method, applying this method to each item Inventory as of December 31,2025 \$ (b) Determine the inventory by the LCNRV method, applying the method to the total of the inventory. Inventory as of December 31,2025$